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Online Payments Provider Bitpass to Shut Down

Authored by Mark Hefflinger on January 22, 2007 - 9:36am.

San Mateo, Calif. - Bitpass, a four-year-old provider of online payment processing services, has announced that it is discontinuing operations, due to "circumstances beyond our control," CEO Matthew Graves wrote in an e-mail to customers.

tags: Internet | Online Publishing | Payments | Career | Commerce | Closings | Digital River | BitPass | Shutdowns |

Micropayments Firm BitPass Names Douglas Knopper As CEO

Authored by Mark Hefflinger on November 16, 2005 - 4:21am.
Menlo Park, Calif. - BitPass, a provider of online micropayments technology, announced on Wednesday that it has named former DoubleClick senior vice president and general manager Douglas S. Knopper as its new CEO. "BitPass has made impressive gains with its platform to market and sell premium content, and is well positioned to set its sights on portals and brands that command mass audiences," said Knopper.
tags: CEO | Micropayments | BitPass | Douglas Knopper |

BitPass to Provide Micropayments Processing for MSN

Authored by Mark Hefflinger on November 14, 2005 - 7:07am.
Menlo Park, Calif. - BitPass, a provider of online micropayments processing services, announced on Monday that it has partnered with Microsoft to offer co-branded payment services and a marketplace to MSN consumers. The BitPass service will allow MSN portals to sell games, music and mobile content offered by Microsoft, MSN and third parties. The first site to utilize Menlo Park, Calif.-based BitPass' platform will launch this week on Microsoft's ninemsn portal in Australia.
tags: MSN | Micropayments | BitPass |

Micropayments Provider BitPass Raises $11.75 Million

Authored by Mark Hefflinger on September 7, 2004 - 5:29am.
Palo Alto, Calif. -- BitPass, a provider of online micropayments technology, announced on Tuesday that it has raised $11.75 million in its second round of venture capital financing. Participating investors included Worldview Technology Partners, Disney's Steamboat Ventures, RRE Ventures, Garage Technology Ventures, Cardinal Venture Capital and Amicus Capital. The company also announced that former American Express chairman James Robinson III will join its board of directors. The company's technology is used by providers of digital content like music, video, photos and news to sell their wares in small quantities and for small amounts to consumers with credit cards. Recent research by TowerGroup estimates the market for Internet and mobile micropayments in the U.S. will reach $11.5 billion in revenues by 2009, up from just over $2 billion in 2003. Palo Alto, Calif.-based BitPass will use the funds to expand sales and marketing efforts, make additional product enhancements, and build additional customer service infrastructure to support its merchant partners and members.
tags: VC | BitPass | Micropayments Provider |